All articles tagged with #bond financing
Two Los Angeles businessmen unveiled a plan to raise up to $250 million in tax-exempt bonds to buy fire-damaged Pacific Palisades lots and build about 60 below-market homes for wildfire victims, touting state Sen. Ben Allen as a board member of their nonprofit Uplifters Foundation—but Allen says he never joined the foundation’s board, casting doubt on the project and its feasibility.
Don Hankey, the chairman of Knight Specialty Insurance and a major player in the subprime auto loan industry, underwrote a $175m bond for Donald Trump to delay a $454m civil fraud judgment, stating that he was "happy to do it" and that it was a quick and easy transaction. Hankey, who is worth over $7.4bn, confirmed his support for Trump's past political campaigns and indicated a willingness to support future ones. His company, known for high-interest car loans, has faced scrutiny for deceptive collection tactics, and some financial analysts have expressed concerns about the subprime auto loan industry.